Sunday, November 24, 2024
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Citi lists Netflix as the top target of an Apple acquisition

Citi lists Netflix as the top target of Apple in a note to clients. The investment firm thinks a 10% repatriation tax on cash sitting overseas will entice the tech giant to make the deal.

The other top potential targets for Apple identified by Citi are Disney, Hulu, Activision Blizzard, Electronic Arts, Take-Two Interactive, and Tesla.

Citi analyst Jim Suva says each is a strategic fit in its own way. The Citi handicapping puts 40% odds on a Netflix buyout, 25% odds on a Disney buyout and the rest at 10% or lower odds. Add you own potential Apple target in the comment stream.

Dennis Sellers
the authorDennis Sellers
Dennis Sellers is the editor/publisher of Apple World Today. He’s been an “Apple journalist” since 1995 (starting with the first big Apple news site, MacCentral). He loves to read, run, play sports, and watch movies.